Venezuelan Americans Overwhelmingly Support U.S. Companies Remaining in Venezuela,
New Survey Shows
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WASHINGTON, D.C.—An overwhelming majority of Venezuelan Americans, 80%, support U.S. companies operating in Venezuela, according to a new survey conducted by the U.S. Chamber of Commerce and APCO Insight. And 89% of Venezuelan Americans believe that U.S. companies will be critical to rehabilitating Venezuela’s economy when the political conditions change.
The survey finds that 73% of Venezuelan Americans believe that U.S. companies serve as a stabilizing force in a country that is fraught with political and economic turmoil. Regardless of political party affiliation, Venezuelan Americans believe U.S. companies are a force for good in Venezuela, providing well-paying jobs, investing in the development of local communities, and supplying the immediate health and nutrition needs of the Venezuelan people by partnering with hospitals and relief organizations.
“In countries like Venezuela, American companies are often the most significant source of financial support to employees, employees’ families, and their communities,” said U.S. Chamber Senior Vice President of the Americas Neil Herrington. “Forcing U.S. companies out of Venezuela will not accelerate a return to democracy. It will only increase suffering and slow economic recovery, while allowing America’s global competitors to fill the vacuum.”
Most of the survey participants do not believe pulling U.S. companies out of Venezuela would guarantee a return to democracy. Sixty-three percent of respondents and 76% of Venezuelan American respondents believe that pulling U.S. companies out will not guarantee a democratic transition. Furthermore, 80% of Venezuelan Americans believe that U.S. companies are critical for maintaining a U.S. foothold in Venezuela. To read the press release, please visit Venezuelan Americans Overwhelmingly Support U.S. Companies Remaining in Venezuela, New Survey Shows
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A Journey of One Thousand Steps: The NRLB's Effort to Restore Common Sense to Labor Law |
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The U.S. Chamber of Commerce today released a report chronicling the efforts of the National Labor Relations Board’s (NLRB) three year effort to restore some much needed balance in American labor law. The report, A Journey of a Thousand Steps: The NLRB’s Effort to Restore Common Sense in Labor Law, follows a 2017 U.S. Chamber report highlighting 10 particularly egregious policy shifts at the Board during the Obama administration that “stretched the boundaries of common sense and existing jurisprudence.”
From permitting small groups of employees in a larger workplace to unionize to curtailing employers’ private property rights, the NLRB during that time undermined numerous well-understood legal doctrines in a zealous effort to facilitate union organizing efforts. Today’s report highlights several cases and regulatory actions at the NLRB that have sought to return the agency to its traditional role of behaving more like an impartial referee than one side’s quarterback. To read the report, please visit A Journey to a Thousand Steps
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PA CHAMBER OF BUSINESS AND INDUSTRY |
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PA CHAMBER: POLL FINDS A MAJORITY OF PENNSYLVANIANS
DON’T WANT GOVERNMENT-RUN HEALTH CARE
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HARRISBURG - A new poll released today by the Pennsylvania Chamber of Business and Industry shows that a majority of likely voters in the Commonwealth are opposed to the creation of a government-run health care system. Often referred to as a “public option,” this type of health care system would increase the number of individuals receiving health care benefits provided by the federal government, and would leave taxpayers on the hook to pay for it.
“As the economy continues to reel from the COVID-19 pandemic, the last thing policymakers should be looking at doing is increasing costs on taxpayers,” said PA Chamber President and CEO Gene Barr. “A new government-run health care insurance system, like the public option, would increase taxes on Pennsylvania workers, with some estimates projecting a payroll tax increase of $2,300 for maintaining health care coverage. This poll shows that the majority of Pennsylvanians agree that a new government-run program that will lead to higher taxes is not in the best interests of so many people across this Commonwealth who are already struggling to make ends meet.”
The statewide survey of 500 likely Pennsylvania voters found that more than 60 percent oppose paying more in taxes to fund a new government-run health insurance system. Additionally, the poll revealed that Pennsylvanians are satisfied overall with the coverage they currently have through employer-sponsored plans, Medicare or Medicaid. Of the likely voters surveyed, 88 percent report being satisfied with their coverage — with nearly 6 in 10 saying they are very satisfied. Additionally, 70 percent of those polled believe that private insurance should be available and play a role in the nation’s current health care system. Read the full article, PA CHAMBER: POLL FINDS A MAJORITY OF PENNSYLVANIANS DON’T WANT GOVERNMENT-RUN HEALTH CARE
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Every PA Congressional Incumbent Appears to Retain Their Seats |
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It appears there will be no changes in Pennsylvania’s Congressional makeup headed into 2021, as every federal lawmaker from the Keystone State who was running for re-election has retained their seats. -> Read More
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Pa. Lawmakers Must Return to Capitol this Month to Finish State Budget in
Rare Post-Election Session
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Monday, November 9, 2020 - State lawmakers return to Harrisburg on Tuesday for the start of what has become a rarity in recent years with a post-election session in which substantive legislation is expected to be considered. That action primarily involves trying to complete work on the 2020-21 state budget. While the annual state budgets usually are completed in the summer, the coronavirus pandemic changed those plans. State lawmakers and Gov. Tom Wolf approved a budget to fund most programs through Nov. 30; schools have been funded through June 30. The Republican-led General Assembly and the Democratic governor will need to strike an agreement to pay for some essential state services. Some suspect though there also could be movement on some non-controversial bills that passed one chamber but were in the final stages of getting through the other prior to the election break. But it kicks off on Tuesday with the biennial exercise of holding caucus leadership elections. This year, those will produce some changes due to legislators' retirements in both chambers. Among others, the departure of Senate President Pro Tempore Joe Scarnati, R-Jefferson County, creates an opening in the Senate’s top post. Potentially, there could be a new House Democratic leader. Rep. Frank Dermody’s vote totals were lagging behind his Republican challenger Carrie Delrosso for that Allegheny County House seat as late as Friday afternoon. But no one anticipates this upcoming lame-duck session will be a time of political mischief although past post-election sessions have been ripe for that because it is a time when lawmakers are least accountable to voters. The Senate put a stop to them in 2008 when they made the decision to not take up any legislative . Read the full article, Pa. lawmakers must return to Capitol this month to finish state budget in rare post-election session
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FEDERAL RESERVE BANK OF PHILADELPHIA
ECONOMIC NEWS
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November 6, 2020
The Philadelphia Fed has updated its monthly Tri-State Tracking series that provides statewide summaries of economic conditions using monthly and quarterly data of employment, housing, and personal income. The latest update includes monthly data for employment, building permits, and mortgage delinquencies through September 2020 and quarterly data for house prices and personal income through the second quarter of 2020.
Read the reports:
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For more information from the Federal Reserve Bank of Philadelphia, please visit: Philadephia Fed
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PENNSYLVANIA MANUFACTURERS' ASSOCIATION (PMA) |
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PMA PERSPECTIVE: Monthly Business Briefing - Speaker Bryan Cutler |
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In this episode... David N. Taylor, President & CEO of the Pennsylvania Manufacturers' Association, and Gene Barr, President & CEO of the Pennsylvania Chamber of Business and Industry, host PA House Speaker Bryan Cutler (R-Lancaster) as the featured guest for October's Monthly Business Briefing To watch the video, please visit PMA Perspective: Monthly Business Briefing - Speaker Bryan Cutler
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For more information from Pennsylvania Manufacturer's Association, please visit: PMA
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TRANSPORTATION MANAGEMENT
ASSOCIATION OF CHESTER COUNTY (TMACC)
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Many Taxpayers Unaware of State Tax Liabilities Related to Working Remotely |
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SEPTA Partnership Helps Two Vulnerable Populations |
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SEPTA has partnered with a social services organization, Merakey, to form "Serving a Vulnerable Entity," which pairs substance abuse and mental health professionals with SEPTA transit police to extend treament and resources to those who need it. Read more about this pilot program here.
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For more information from Transportation Management Association of Chester County, please visit: TMACC
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SMALL BUSINESS ADMINISTRATION (SBA) |
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SBA Achieves Historic Small Business Lending for Fiscal Year 2020 |
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WASHINGTON – The U.S. Small Business Administration announced Fiscal Year 2020 summary loan data of the financial assistance provided through traditional loan program lending as well as aid provided via the CARES Act. Loans guaranteed through traditional SBA lending programs exceeded $28 billion; however, enactment of the CARES Act dramatically increased loan volume guaranteed by the Agency: In FY20, the Paycheck Protection Program (PPP) provided an additional 5.2 million loans worth more than $525 billion; the Agency’s Economic Injury Disaster Loan (EIDL) Program added another 3.6 million small business loans valued at $191 billion, as well as an additional 5.7 million EIDL Advances worth $20 billion.
Highlights from the PPP include:
- 27% of the PPP loan dollars were made in low-and moderate-income communities which is in proportion to the percentage of population in these areas:
- More than $133 billion, or 25%, of PPP loans were approved for small businesses in historically underutilized business zones (HUBZones); and,
- Over $80 billion, or 15%, of total PPP dollars were approved to small businesses in rural communities.
Administrator Carranza further noted, “In addition to the tremendous amount of aid provided by the CARES Act via the PPP and EIDL loan programs, our regular loan programs showed solid year-over-year improvement, especially within our 504 and Microloan programs.” To read the full article, please visit SBA Achieves Historic Small Business Lending for Fiscal Year 2020
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Federal Coronavirus Resources |
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State, local, and federal agencies are working together to maintain the safety, security, and health of the American people. Check out coronavirus.gov for updates from the White House's Coronavirus (COVID-19) Task Force. Go to cdc.gov for detailed information about COVID-19 from the Centers for Disease Control and Prevention. Learn more about the federal government's response
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Virtual Mentoring and Training |
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Offices around the country may be closed due to the Coronavirus pandemic, but SCORE, Small Business Development Centers, Women’s Business Centers, Veterans Business Outreach Centers and other resource partners are providing free business mentoring and training by phone, email, and video. Find an SBA resource partner near you
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How to Apply for PPP Loan Forgiveness |
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Did you take out a Paycheck Protection Program loan? Here are four steps to apply for forgiveness.
- Contact your lender and complete the form
- Compile documentation
- Submit the forgiveness form and documentation to your lender
- Communicate with your lender throughout the process
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For more information from the U.S. Small Business Administration, please visit: US SBA
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CHESTER COUNTY PLANNING COMMISSION |
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One of the main concerns identified by Chester County residents during the update of Landscapes3, the county's comprehensive plan, was the need for more bicycle and pedestrian facilities within their communities.
With funding provided through a grant from the Delaware Valley Regional Planning Commission’s Transportation and Community Development Initiative program, Planning Commission staff introduced the Active Transportation Municipal Ordinance Inventory and Outreach project– or 'Active Transportation Inventory' for short – at the 'Trains, Trails & Traffic' event held in December 2019.
An overview and summary of the completed Active Transportation Inventory was recently provided at the 'Bicycles, Pedestrians, and Transit' meeting on September 30, 2020. To read the full article, please visit Active Transportation Inventory
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Like most events in 2020, the Chester County Urban Centers Forum had to transition from what was previously a lively in-person event, to an online Zoom meeting. Nonetheless, thanks to this year's dedicated staff, partners, presenters, and attendees - the 2020 Urban Centers Forum, "Main Street Restoration and Recovery," was a success!
New this year, the forum was broken up into two sessions, with the first highlighting "Main Street Recovery," on Tuesday, October 13, and the second focusing on "Design" to enhance the character of our urban centers on Thursday, October 15. Both sessions featured an engaging group of panelists, as well as opportunities for discussion among attendees. There were a total of 121 participants, including the three County Commissioners. To read the full article, please visit 2020 Urban Centers Forum
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For more information from the Chester County Planning Commission, please visit: Chesco Planning
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